Small towns and villages in India often lack banking facilities. Nor can one find a foreign currency exchange house there. However, these towns and villages are fast becoming popular among foreign tourists, especially backpackers. They visit these areas to get a taste of rural India and see off-the-beaten-track places. For such travelers, you can offer a foreign exchange service. To do so, you will have to enter into a tie-up with a major foreign currency exchange. This service is also useful for Non Resident Indians who live in towns and villages. All you need to do is exchange the foreign currency for Indian money. The foreign currency has later to be handed over to the exchange house, in return for your money and commission. This is a very popular new business idea in the tiny Indian state, Goa. Especially because a large number of Goa natives work and live abroad.
Foreign exchange agent
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